Mar 5, 2018   SOURCE: BusinessWire

Global Cloud Robotics Market (2018-2022) by Component, Service Model, Application, Deployment Model and End-User - ResearchAndMarkets.com

The "Cloud Robotics Market by Component (Software and Services), Service Model (IaaS, PaaS, and SaaS), Application, Deployment Model (Public, Private, and Hybrid Cloud), End-User (Verticals and Third-Party Users), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The cloud robotics market to grow from USD 2.20 Billion in 2017 to USD 7.51 Billion by 2022, at a CAGR of 28.1% during the forecast period.

The objective of the report is to define, describe, and forecast the cloud robotics market size on the basis of components (software and services), service models, applications, deployment models, end-users (verticals and third-party users), and regions.

North America is expected to have the largest share in the cloud robotics market during the forecast period. The reason being, the majority of vendors, such as IBM, Microsoft, Google, and Amazon Robotics, are based in North America. The region is also expected to account for the major market share and considered the most advanced region in terms of cloud, AI, and machine learning technologies. The region witnesses many R&D activities in the field of robotics for bringing advancements to cloud computing, AI, robotics, and machine learning technologies.

Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, as the region is home to a creditable amount of manufacturing units, which are gradually embracing the adoption of advanced technologies, such as cloud robotics.

Market Dynamics

Drivers

  • Proliferation of the Cloud Technology
  • Broad Spectrum Use of Wireless Technologies and Smart Devices
  • Increase in the Adoption of IoT and Advancements in AI and Machine Learning Technologies

Restraints

  • Data Privacy and Security Concerns
  • High Initial Costs and R&D Expenses

Opportunities

  • Increase in the Use of Robots for Industrial Automation
  • Rise in Demand for Robotics-As-A-Service (RaaS)
  • Growth Potential Across the Developing Nations

Challenges

  • Longer Time to Commercialize the Robots

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Cloud Robotics Market, by Component

7 Market By Service Model

8 Cloud Robotics Market, by Application

9 Market By Deployment Model

10 Cloud Robotics Market, by End-User

11 Cloud Robotics Market, by Region

12 Competitive Landscape

13 Company Profiles

  • Amazon Robotics
  • C2RO
  • Cloudminds
  • Ericsson
  • Google
  • Hit Robot Group
  • Huawei
  • IBM
  • Microsoft
  • Ortelio
  • Rapyuta Robotics
  • Tend
  • V3 Smart Technologies

For more information about this report visit https://www.researchandmarkets.com/research/633b4c/global_cloud?w=4